China Fishery Group (SGX:B0Z) Inventory Turnover: 0.63 (As of Jun. 2015)

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What is China Fishery Group Inventory Turnover?

China Fishery Group SGX:B0Z Inventory Turnover is 0.63 as of Jun. 2015.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. China Fishery Group's Cost of Goods Sold for the three months ended in Jun. 2015 was S$136.3 Mil. China Fishery Group's Average Total Inventories for the quarter that ended in Jun. 2015 was S$217.0 Mil. China Fishery Group's Inventory Turnover for the quarter that ended in Jun. 2015 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Fishery Group's Days Inventory for the three months ended in Jun. 2015 was 145.29.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. China Fishery Group's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 1.18.

China Fishery Group  (SGX:B0Z) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

China Fishery Group's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2015 )/Cost of Goods Sold (Q: Jun. 2015 )*Days in Period
=217.04/136.31*365 / 4
=145.29

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

China Fishery Group's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2015 ) / Revenue (Q: Jun. 2015 )
=217.04 / 183.318
=1.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

China Fishery Group Inventory Turnover Related Terms

China Fishery Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for China Fishery Group's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Fishery Group Inventory Turnover Chart

China Fishery Group Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.12 17.45 8.99 5.31 3.28

China Fishery Group Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.63 0.66 0.43 0.63

China Fishery Group Inventory Turnover Calculation

China Fishery Group's Inventory Turnover for the fiscal year that ended in Sep. 2014 is calculated as

Inventory Turnover (A: Sep. 2014 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2014 ) / ((Total Inventories (A: Sep. 2013 ) + Total Inventories (A: Sep. 2014 )) / count )
=531.869 / ((123.939 + 200.191) / 2 )
=531.869 / 162.065
=3.28

China Fishery Group's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

Inventory Turnover (Q: Jun. 2015 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2015 ) / ((Total Inventories (Q: Mar. 2015 ) + Total Inventories (Q: Jun. 2015 )) / count )
=136.31 / ((117.665 + 316.415) / 2 )
=136.31 / 217.04
=0.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.63 mean?
China Fishery Group (SGX:B0Z) has a Inventory Turnover of 0.63 as of Jun. 2015. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on China Fishery Group and its competitors.
Is China Fishery Group's Inventory Turnover too high?
China Fishery Group's current Inventory Turnover is 0.63.
How does China Fishery Group's Inventory Turnover compare to competitors?
China Fishery Group's Inventory Turnover of 0.63 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Consumer Packaged Goods company?
A good Inventory Turnover depends on the Consumer Packaged Goods industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on China Fishery Group and its competitors. China Fishery Group's current Inventory Turnover is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Fishery Group stock overvalued right now?
China Fishery Group (SGX:B0Z) has a current Inventory Turnover of 0.63. The current Inventory Turnover is 0.63. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For China Fishery Group (SGX:B0Z), the current Inventory Turnover is 0.63 as of Jun. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Fishery Group Business Description

Address 188 Connaught Road West, Room 3312-3314, Hong Kong Plaza, Hong Kong, HKG
China Fishery Group Ltd is a Hong Kong-based industrial fishing company with access to fish in some of the fishing grounds, including the Anchovy fishery in Peru. Business activity of the firm is functioned through three reportable segments namely contract supply business, Peruvian fishmeal, and China fishery fleet. It offers fish products in various forms, such as frozen whole, headed and gutted, frozen fillets, and fish roe and milt for wholesalers and food processors, as well as sells fish meal and oil products for fish meal and oil distributors, and Omega-3 capsule manufacturers. Geographically, its business presence can be seen across the region of China, Europe, South America, Africa and Australia.